The Economist has revealed data that shows that Canada’s real estate is some of the most overvalued in the world; by around 25 per cent in fact.
The Economist has revealed data that shows that Canada’s real estate is some of the most overvalued in the world; by around 25 per cent in fact. The price-to-rent ratio in Canada was 175.9 per cent in the second quarter of this year, on a par with New Zealand and Hong Kong. Canada also ranks highly on a ratio of prices to average incomes, at 129.7 per cent.
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